Dukemount Capital Share Discussion Threads

[zen12] 25/10/2022 14:18

PW - they can start process and engage in negotiations as much as they like and with as company RTO candidates...seen it many times before.However once they reach an agreement then they will need to suspend to execute RTO. Thought you would know this!

[pwhite73] 25/10/2022 14:18

The agreement can't be made until the shareholders have voted for it. Once the proposals are announced the stock is suspended. This is tempting but your money could be tied up for months and any agreement is likely to include the issuing of equity.

Too many uncertainties here.

[zen12] 25/10/2022 14:13

Nope, only when they make an agreement.

[pwhite73] 25/10/2022 14:09

Suspension is automatic if the company announces the process of an RTO has started.

[jimduggen] 25/10/2022 13:53

No danger of suspension funded for an rto.
10 bagger coming

[pwhite73] 25/10/2022 11:49

Too many uncertainties. The danger here is a massive placing at 0.10p. A suspension as a result of the RTO and the RTO falling through resulting in a cancellation of the listing. They advised of a prospectus back in January 2022. That was the last shareholders heard about it.

[felchandbart] 25/10/2022 11:04

Good entry point. Bags of potential from here.

[pwhite73] 25/10/2022 10:25

Yes there is. 716,243,164 as per RNS 20/10/22.

[1savvyinvestor] 25/10/2022 09:47

No update on number of shares in issue

[dave4545] 24/10/2022 15:15

No nothing.

Anybody seen shane48 or is he pumping today's top % riser ?

[sianna1] 24/10/2022 14:53

1 buy trade / 1 sell trade does it mean anything.??

[jimduggen] 22/10/2022 10:46

They don’t give a fxxck about share holders.
It’s a fxxcking disgrace how they haven’t achieved anything after all the false flag rns releases.
They need to do something this time or it will be criminal how people have lost so much money over the years here. Have they not got any thought on share holders large losses? Even zac mir gets it wrong here but takes 25k a year in fees
The accounts will be done on time I’m sure but the rto I have doubts on going on past failures

[troutisout] 21/10/2022 21:23

Zen,
The truth of the matter is the BoD have said they are progressing an RTO, just like they said they were progressing with university deals, with distribution centres, with sale and lease backs, with Gas peakers, all this progress must have got us somewhere??? I bought shares in this at over a penny at one point and luckily many more at under 0.4p before that, the story seemed good, people were dragged in, but ultimately disappointment at not achieving any of the progress has led it back to here, the only progress has been in the income the Directors have taken over the years without doing much more than hanging out another carrot when the last one is evidently rotten....

[pwhite73] 21/10/2022 18:47

Zen12 - "so we are moving into imminent news territory now."

Yes you are because the accounts have to be out on or by 31/10/2022 or the stock will be suspended. News good or bad is guaranteed 100% in 6 working days.

If its good news Monday its just a pity you're not bouncing off 0.23p instead of 0.11p.

[zen12] 21/10/2022 17:21

Truth of the matter is BoD are progressing RTO and they stated this in weeks, so we are moving into imminent news territory now. Holders may well be greeted with an RNS Mon 7AM with a bumper update on RTO...bwdik!

[troutisout] 21/10/2022 17:10

I think you are all arguing over something without having a deep dive into the history of DKE and the way they have never achieved what they stated in RNSs they would....

[pwhite73] 21/10/2022 16:17

Again this is only my understanding but I don't believe you can change sector on a main listing without a prospectus. I thought I read in one of their earlier RNS's they were also having problems as a property company due to new regulations in the social housing sector.

[hedgehog 100] 21/10/2022 15:50

PWhite73 21 Oct '22 - 15:35 - 955 of 956 0 0 0
I think it's to do with the sector they're in. They are categorized under real estate but are operating as an energy company. Just my views.


Thanks PW.

But why then give the main-listing as the reason for the disposal?

After all, they have sector categorisations on AIM too.

[pwhite73] 21/10/2022 15:35

I think it's to do with the sector they're in. They are categorized under real estate but are operating as an energy company. Just my views.

[hedgehog 100] 21/10/2022 15:27

05/10/2022 07:20 UK Regulatory (RNS & others) Dukemount Capital PLC Completion of sale LSE:DKE Dukemount Capital Plc

"Completion of the sale of two RTB energy generation sites with a total output of 10MW

Dukemount, the property management and long dated income specialist, announces that HSKB Limited ("HSKB"), in which it holds a 50% interest, has successfully completed the sale of two special purpose companies, to Mast Energy Developments Plc, for an aggregate sale price of GBP350,000.00. Each company contains an 11kV gas peaking facility, which are ready to build, with full planning permission and grid access.

The proceeds of the sale have been used to repay a portion of the sums owing to the lenders as detailed in the announcement of 15 September 2021.

Paul Gazzard CEO, comments "this process is one we unfortunately have had no choice but to pursue despite having the funding in place to construct these assets, the regulatory environment that evolved for DKE, as a standard listed company, during the transaction to buy and then fund the construction of them meant we were left with no option but dispose of these assets. We have set about searching for a new target company and business to pursue as we repurpose Dukemount. This process will commence and be undertaken at speed and we hope to update the market soon on the next steps for Dukemount. ..."




That RNS early this month seems to be suggesting that a main-listed company 'can't' hold the assets concerned.

It's interesting therefore that they've sold them to another main-listed company, i.e. MAST:-


DKE don't seem to be being transparent with shareholders about the reason(s) for the disposal.

[pwhite73] 21/10/2022 14:59

Most conversions can be settled in cash as well as shares. So claiming the bond holders will convert at 0.65p when the share price was 0.040p should be treated with caution. The company can place at 0.10p to settle with the bondholders.